en-japan inc. Stock Forecast
On Tuesday, en-japan inc. stock price gained an impressive 5.86%
(Updated on May 07, 2024)
The en-japan inc. stock price gained 5.86% on the last trading day (Tuesday, 7th May 2024), rising from JP¥2,592.00 to JP¥2,744.00. During the last trading day the stock fluctuated 4.80% from a day low at JP¥2,625.00 to a day high of JP¥2,751.00. The price has been going up and down for this period, and there has been a 0.77% gain for the last 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 186 thousand shares were bought and sold for approximately JP¥509.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect en-japan inc. stock with a 90% probability to be traded between JP¥2,440.92 and JP¥2,809.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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4849.T Signals & Forecast
Mostly positive signals in the chart today. The en-japan inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,655.57 and JP¥2,679.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 6.48%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for en-japan inc. stock
en-japan inc. finds support from accumulated volume at JP¥2,714.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥126.00 (4.80%) between high and low. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: JP¥2,654.00 (-3.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (4849.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect en-japan inc. to open at JP¥2,706.67, and during the day (based on 14 day Average True Range), to move between JP¥2,655.64 and JP¥2,832.36, which gives a possible trading interval of +/-JP¥88.36 (+/-3.22%) up or down from last closing price. If en-japan inc. takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥2,762.00 (0.66%) than the support at JP¥2,714.00 (1.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
en-japan inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $26.40. We will update the financials statements for en-japan inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.32% in the first trading day after earnings release.
Is en-japan inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for en-japan inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.290 Buy Candidate Upgraded
Predicted Opening Price for en-japan inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥2,706.67 ( 1.36%) | JP¥2,744.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4849.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,832.67 | 3.23 % | |
| R2 | 2,784.53 | 1.48 % | ||
| R1 | 2,754.80 | 0.394 % | ||
| Current price: | 2,744.00 | |||
| Support | S1 | 2,658.53 | -3.11 % | |
| S2 | 2,628.80 | -4.20 % | ||
| S3 | 2,580.67 | -5.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,905.00 | 5.87 % | |
| R2 | 2,817.00 | 2.66 % | ||
| R1 | 2,762.00 | 0.656 % | ||
| Current price | 2,744.00 | |||
| Support | S1 | 2,714.00 | -1.09% | |
| S2 | 2,695.00 | -1.79% | ||
| S3 | 2,646.00 | -3.57% |
4849 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥70.10 | 3.03% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥70.10 | 2.42% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥37.10 | 1.09% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥74.80 | 3.56% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥62.80 | 1.99% |
FAQ
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